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20121201
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going to get serious? >> washington remains at odds. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise would have gridlock and reach a deal. now, we're beating down their doors. live from our nation's capital, this is a cnbc special report, "mission critical, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is former treasury official under president clinton. he says he's optimistic that a deal is coming. the question, of course, is when. joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement is just part
sheet is, but corporate america has great balance sheets. there's a lot going on that's positive, energy, reshoring, businesses coming back. just stay away from the long-term bonds. short-term bonds and alternative strategies >> i know what you're saying and i get that because it's true. the corporate sector is probably the best part of this recovery. 3.6 trillion in cash, lean and mean, corporate america ready to lead once again, but the question is am i going to be able to buy stocks at much lower levels, so are we going to have a 100, an 800, 1,000-point decline if we go over the fiscal cliff? >> that's a great point. >> maria, we're not trading, right? that's always the question in the market. we have to use volatility to pick up positions and add to equity, and this is a long-term gape. we've become so short-term focused. got to stay focused long term and add on volatility. >> one of the things i'll add, we either most confident insecure people in the world and when we know based on our history and based on what we know needs top had a, but we don't know what's going to happen in th
like going outside the united states. i'll let america settle it and figure it out on its own. >> all right. john, what are your clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the weekend was a lot better than it had been. moving a little bit. senator corker moving as well. we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've b
Search Results 0 to 2 of about 3